Falcon Finance Allocates 0.3% FF Token Supply to Kaito Platform Rewards

Falcon Finance has announced a reward distribution of 0.3% of FF token supply to the Kaito platform, focusing on top Yap 2 Fly players and Kaito stakers with specific holdings, with gradual unlocks at TGE and Q4 based on badge levels.

KAITO

Summary

Falcon Finance revealed a 0.3% allocation of its total FF token supply to the Kaito platform. The rewards will be divided equally between the top 200 players on the Yap 2 Fly leaderboard and Kaito stakers holding at least 5,000 sKAITO or YT-sKAITO tokens. 40% will unlock at the token generation event (TGE), with the remaining tokens unlocked in Q4 based on Falcon badge level achievements.

Terms & Concepts
  • Token Generation Event (TGE): The initial release of a cryptocurrency's tokens to investors or the public, marking the start of token circulation.
  • Staking: Locking up cryptocurrency in a blockchain protocol to earn rewards or participate in governance.
  • YT-sKAITO: A token representation of staked KAITO assets in yield-bearing or transferable form.